Stanley Black & Decker (NYSE:SWK) Upgraded by Mizuho to “Outperform” Rating

Stanley Black & Decker (NYSE:SWK) was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday,Benzinga reports. The firm currently has a $110.00 price objective on the industrial products company’s stock. Mizuho’s price objective indicates a potential upside of 39.12% from the company’s previous close.

A number of other research firms have also commented on SWK. The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays boosted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average target price of $103.25.

Stanley Black & Decker Stock Down 3.8 %

SWK opened at $79.07 on Thursday. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a market cap of $12.19 billion, a PE ratio of -57.72, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $92.54 and a 200 day moving average of $93.55.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. On average, sell-side analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Hedge Funds Weigh In On Stanley Black & Decker

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of Stanley Black & Decker by 12.6% in the third quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company’s stock worth $18,298,000 after buying an additional 18,776 shares during the period. Synovus Financial Corp purchased a new position in Stanley Black & Decker in the 3rd quarter worth approximately $307,000. Wilmington Savings Fund Society FSB bought a new stake in Stanley Black & Decker in the third quarter valued at approximately $602,000. World Investment Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the third quarter valued at approximately $229,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Stanley Black & Decker by 363.8% in the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.